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Given the following data on hotel check-ins for a 6-month period. July XXXXXXXXXX rooms Aug XXXXXXXXXX rooms Sept XXXXXXXXXXrooms Oct XXXXXXXXXX48 rooms Nov

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Given the following data on hotel check-ins for a 6-month period. July XXXXXXXXXX rooms Aug XXXXXXXXXX rooms Sept XXXXXXXXXXrooms Oct XXXXXXXXXX48 rooms Nov
Answered Same Day Dec 25, 2021

Solution

Robert answered on Dec 25 2021
121 Votes
The exponential smoothing forecast for month ‘t’ is given by,
1 1(1 )t t tF D A    
The forecast using the exponential smoothing method with = 0.1 is given in the following
table.
Month Last Year Forecast E
or
January 510 1063 -553
Fe
uary 383 1008 -625
March 1403 945 458
April 1913 991 922
May 1148 1083 65
June 893 1090 -197
July 829 1070 -241
August 638 1046...
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